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Pendal Group (PDL)

ASX.PDL $4.48

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ASX.PDL $4.48

20 MINUTE DELAYED

TODAY

1.36 %

1 YEAR RETURN

0.00%

VOLUME

658,743

DIV YIELD

10.18%

PE RATIO

9.04

52 WEEK RANGE

4.04

8.96

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	4.48
Change	0.06 (1.36)
Bid / Ask	4.48 - 4.51
Volume	658,743
Volume (3mths avg)	0
Turnover	2,971,835
Open	4.52
Day Range	4.48 - 4.56
VWAP	4.51
Prev Close	4.42
Last Trade	06.10 01/07 (AEST)

KEY INFORMATION
Sector	Financial
Shares Issued	348,496,760
NTA/Share	0.00
Last Dividend	0.21
Dividend Ex Date	19 MAY 2022
Dividend Pay Date	01 JUL 2022

CURRENT ()
Revenue
EBITDA
Profit
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00
Yield %	10.18
Market Cap	0.00
Price to Earnings Ratio (P/E)	9.04

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	0.00
EBITDA	0.00
Profit	0.00
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation ()

0.00

OPINION

29/06/2022 09:27

Current thinking around the MM Income Portfolio

We’re contemplating a number of amendments in the Income Portfolio as we position for what comes next. Today’s portfolio update will simply detail our current thinking, not yet our planned actions:

28/06/2022 09:35

Pendal Group Ltd (PDL) $4.60

PDL currently screens on the cheap side with an Est P/E for 2022 of 9.5x compared to its longer-run history of 13.9x, however, all fund managers have been sold off heavily in recent times and as we know a stock/sector can stay cheap for longer than many expect, and vice versa for that matter. The market consensus dividend yield of 10% is also attractive, although, PDL does have a high payout ratio...

10/05/2022 16:46

Pendal (PDL) $5.33

PDL +8.11%: a strong first half result for the investment management firm ensured the share price was well supported against a weaker backdrop. Base fee revenue was up 35% to $317.7m and performance fees up 8% meant revenue beat estimates by at least 5%. Costs were up 20% but still came in better than expected which meant UPAT at $131m was a ~25% beat to market. Performance of FUM...

05/04/2022 09:55

Could Perpetual (PPT) trigger a recovery in Australian fund managers?

Yesterday saw PPT make a $2.4bn bid for Pendal Group (PDL) at a 40% premium to the last traded price, although as the chart shows it was trading at the offer price only a few months ago! The market clearly thinks the bid has a long journey before crossing the finish line with PDL trading 18% below the scrip-and-cash bid of $6.23.The bid is understandable on a few fronts, not least the collapse in PDL’s share price over the last 6-months...

04/04/2022 17:07

Pendal (PDL) $5.29

PDL +18.08%: the fund manager received a takeover bid from competitor Perpetual (PPT) which sent the stock surging today. Perpetual’s non-binding indicative bid offered 1 PPT share for every 7.5 PDL, as well as $1.67/share in cash, which was a 39% premium based on where both shares closed on Friday, though it only takes it back to where Pendal was trading in November last year. While framed as a takeover...

15/03/2022 09:16

Pendal Group Ltd (PDL) $4.55

PDL has been on a slippery slope for years but the last 6-months has seen the stock more than halve when the ASX200 only corrected 11.5% at its absolute worst. The Sydney based investment firm is trading on a PE under 9x but it still feels like the downside momentum will ultimately win out and any bounces while probably sharp will be relatively short-lived. It feels like the appealing estimated yield above...

24/06/2021 09:42

Pendal Group (PDL) $8.00

UK facing fund manager PDL has been struggling for years and although its bounced strongly post COVID it’s not a business that’s exciting to MM around current levels.

ACTION

PDL

UPDATED 28/06/2022 12:33

MM likes PDL around $4.50 as an income opportunity

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PDL

UPDATED 10/05/2022 17:14

MM are bullish PDL

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PDL

UPDATED 07/04/2022 08:20

MM is neutral to bullish PDL around 5.30

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PDL

UPDATED 16/03/2022 15:31

MM is neutral PDL

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PDL

UPDATED 24/06/2021 18:54

MM is neutral PDL around $8

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Business Summary

Pendal Group (PDL) operates as an investment management company. The Company focuses on portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations, and investment companies. Pendal Group serves customers in Australia.